Link Round-Up – No Rest For The Weary Edition

Hey everyone, I trust that today’s edition finds you well. I’m a little compressed for time as my next deadline is quickly approaching and having just recently boasted as to my 6 month streak, I wanted to get something out even if I’m relying on others for all the heavy lifting.

One of the treats in maintaining a site like this is the chance to interact with folks with whom I’d likely never otherwise have the chance. So below, as a small gesture of my appreciation, I’m sharing links from folks who have recently emailed or left comments on my articles. I hope you’ll give them a look… there’s a lot of good stuff out there!

For example….

Steven at Hundred Goals always has an interesting take on things… and I love his perspective on “Going Green”.

Dustin from Engaged Marriage connected with me recently and I have to admit, that I’m looking forward to investing some time (when my schedule allows) catching up on his work. I’ve written about the need to diversify our goal setting and improvement strategies. Well, here’s a great resource for working on your marriage. Two articles have captured my attention recently – the first speaks to investing time in your relationship and the second talks about investing time away from the relationship. That’s a little word play on my part, but check them out and share what you think.

Bucksome Boomer asks if America is becoming more frugal? It’s an interesting question and with savings and debt repayment trends moving the way they are, it’s hard to argue against it. It will be this type of longer term fiscal responsibility that will repair our recent economic woes and help stave off the next one… if such habits stick.

Thanks to each of these fine sites and their contributions. I hope you’ll check them out… and let’em know I sent you!

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In regards to Prang’s post I can tell you that the vast majority of C4C buyers came in paying cash for their vehicles or were more financially qualified than previous buyers due to stricter lending policies making it harder for buyers to qualify for loans (I do this for my daytime job). Approximately 40% were normally used car buyers or first time vehicle buyers. The other 60% would have purchased a car anyway and just waited for the deal. I say the default rate will be much, much lower than it is now.
.-= Cheapskate Sandy´s last blog ..Finance 101: What the Heck is Peer-to-Peer or P2P Lending? =-.

Dave Ozment

Very interesting Sandy… in fairness to Wiz, the comments about increased repos was mine. It is interesting to hear your perspective based on your job opportunities. I hope you’re right as I’d hate to see a negative backlash. I’d love to see an unexpected (to me) positive impact.

I see people with clunkers – who are more typically lower income folks – be rewarded to secure a car loan and I cringe 3 ways from Sunday. But that’s just my opinion from a removed standpoint. It will be interesting to see… thanks for sharing!

@Sandy: As Dave said, I never mentioned anything about credit vs. cash purchases.

If you are correct and the majority of buyers paid cash, they were probably planning to buy a car anyway. In those cases, it didn’t stimulate new sales, is just them moved up.This proves my point – that Cash for Clunkers was largely unnecessary.